Convergence Partners rebrands to Solcon Capital and names Pramod Venkatesh as new CEO.
Convergence Partners Investments, an investment management firm focused on Africa’s technology, media, and telecommunications (TMT) sector, has just relaunched as Solcon Capital. Solcon will focus on worldwide deep tech investments in generative AI and large language models (LLM), synthetic data and big data, cybersecurity, and quantum computing in South Africa, India, and Southeast Asia.
As part of the rebranding, Solcon has also announced Pramod Venkatesh as its new CEO, effective 1 August 2023, as part of the rebranding. Prior to joining Solcon Capital, Pramod was the group CTO of inq., where he was in charge of developing products and solutions centred on AI, SDN, and edge computing, and the CTO of Criterion Networks before that.
He completed his bachelor’s degree in electrical, electronic, and communication engineering from the Dr MGR Educational and Research Institute, and holds a master’s degree in telecommunications engineering from the Indian Institute of Technology.
“Solcon Capital has a 20-year history of innovation and disruption through investments in companies that have built undersea cables, long-haul fibre, and big data,” said Andile Ngcaba, chairman of Solcon Capital.
“In this new chapter, Solcon Capital will be known as one of the leading global deep tech investment companies. We are excited to bring onboard Pramod Venkatesh, with extensive experience in Silicon Valley and expertise in building deep tech companies. Pramod will execute Solcon Capital’s 2035 strategy. With Pramod at the helm, we will continue to disrupt deep tech and are excited to show what the future holds.”